Easy Equities good or bad?

[Hamster]

Anyone know of a good reputable investment trading site ?

EE is fine. We used to have yearly issues but seems like they are getting less and less. The only problem you will have with EE is if the market starts crashing and you want to cash out, but then if that is the type of thing you'll want to do you need a more powerful and more expensive platform:

ABSA Stockbrokers
Investec (if you are a client) but you won't have a TFSA account where you can do whatever you please.

That's your worthwhile options really. Save yourself the trouble of dealing with limit orders etc. and go with EE and be done with it.

 

[surface]

I wonder if anyone tried with FNB share investor account ? How does EE compare against it?

 

[mr_norris]

EE is a jack of all trades master of non type thing. Only useful for buying individual shares.

I get your frustrations, but again, you are wrong. They are also fine for buying ETFs, they also have one of the best TFSA setups, a great way to invest in property, and let you buy some shares / ETFs on the NYSE / ASX. I am not saying the issues you've mentioned before aren't valid, but you are spreading raw FUD here.

 

[backstreetboy]

I get your frustrations, but again, you are wrong. They are also fine for buying ETFs, they also have one of the best TFSA setups, a great way to invest in property, and let you buy some shares / ETFs on the NYSE / ASX. I am not saying the issues you've mentioned before aren't valid, but you are spreading raw FUD here.

Lol yeah no they usually have maintenance during trading hours. You can't get statements for a specific period etc. etc.

 

[mr_norris]

I wonder if anyone tried with FNB share investor account ? How does EE compare against it?

The only experience with FNB I've had is Share Saver. Started back when they didn't have a monthly account fee. As soon as they slapped one on, I bailed. These are the costs you are looking at:



EE have better brokerage fees (0.25% based on this). The rest of the costs are much the same. I am unsure if that account fee applies or not, looks like it's only for non-residents / emigrant blocked accounts. So perhaps there is no cost there, like EE.

You are also limited to the JSE, Krugerrands, and some ETFs / ETNs. As for reliability, etc, can't say. Would be nice if someone with experience could share.

 

[starmage]

The only experience with FNB I've had is Share Saver. Started back when they didn't have a monthly account fee. As soon as they slapped one on, I bailed. These are the costs you are looking at:

View attachment 1025880

EE have better brokerage fees (0.25% based on this). The rest of the costs are much the same. I am unsure if that account fee applies or not, looks like it's only for non-residents / emigrant blocked accounts. So perhaps there is no cost there, like EE.

You are also limited to the JSE, Krugerrands, and some ETFs / ETNs. As for reliability, etc, can't say. Would be nice if someone with experience could share.

I only have experience with FNB's ShareBuilder product (much like Share Investor, but a very restricted list of what is available for investment) - never had any down time. What did irritate me was that it appears that transactions are only done at the end of the day after market close (never actually tracked the values, but I suspect only the closing values were used)

 

[LaraC]

Do you still need help with this?
Sending you PM

Thank you very much.

 

[Excalibur]

EE is fine. We used to have yearly issues but seems like they are getting less and less. The only problem you will have with EE is if the market starts crashing and you want to cash out, but then if that is the type of thing you'll want to do you need a more powerful and more expensive platform:

ABSA Stockbrokers
Investec (if you are a client) but you won't have a TFSA account where you can do whatever you please.

That's your worthwhile options really. Save yourself the trouble of dealing with limit orders etc. and go with EE and be done with it.

If I have Investec Private Bank account do I get access to the stockbroking as part of the package?

 

[backstreetboy]

If I have Investec Private Bank account do I get access to the stockbroking as part of the package?

Why not phone up your private banker?

 

[zerocool2009]

Best move in mid Feb 2020 moving my fnb share saver (as in moving EFT’s without selling). I had that account for 6 years. Why pay a monthly fee via a bank when its for free on another platform

Dont invest with a bank ... my honest 2c

 

[surface]

Why not phone up your private banker?

He is asking 'If'. He wouldn't if he had a private banker. My guess.

 

[surface]

Best move in mid Feb 2020 moving my fnb share saver (as in moving EFT’s without selling). I had that account for 6 years. Why pay a monthly fee via a bank when its for free on another platform

Dont invest with a bank ... my honest 2c

huh? What did FNB do so badly? And you mean ETF's, right?

 

[zerocool2009]

huh? What did FNB do so badly? And you mean ETF's, right?

They charge a holding fee on the account lol.

So why pay a fee, the same thing free on EE

Its a no brainer! Best move I ever did was to move my tfsa

 

[Tun@]

Save yourself the trouble of dealing with limit orders

Think that will be changing shortly with Absa - they building in Iress for executions soon, should give a proper market depth also OR much better than the crap that's available via the web system now

 

[Hamster]

If I have Investec Private Bank account do I get access to the stockbroking as part of the package?

Yes, you have to ask them to open it (paperwork). Email your banker and he'll help you out. You have to trade at least once every six months or else they'll mark it as dormant.

I use EE for my TFSA only, everything else I do through Investec

 

[AirWolf]

Yes, you have to ask them to open it (paperwork). Email your banker and he'll help you out. You have to trade at least once every six months or else they'll mark it as dormant.

I use EE for my TFSA only, everything else I do through Investec

I doubt 90% of EE users (myself included) could qualify for an Investec account.

 

[Excalibur]

Yes, you have to ask them to open it (paperwork). Email your banker and he'll help you out. You have to trade at least once every six months or else they'll mark it as dormant.

I use EE for my TFSA only, everything else I do through Investec

That's great to know, thanks.

 

[Hamster]

I doubt 90% of EE users (myself included) could qualify for an Investec account.

Well ABSA's ETF Only stockbroking account is also there. It's not really that more expensive than EE (in fact, might be cheaper if you are trading more than R7000), but you are on a "classic" type platform:

You use limit orders, stop losses, no fractional shares etc.

Nothing out there in SA competes with EE though. If you want ease of use and fractional shares they're basic your only option. FNB's Share Saver is also there but you are limited to three ETFs and unless eBucks is your thing there is no benefit in using it.

 

[surface]

I doubt 90% of EE users (myself included) could qualify for an Investec account.

Is it because they look at your income or because of minimum investment amount?

 

[AirWolf]

Is it because they look at your income or because of minimum investment amount?

Salary R800k pa (for the bank account)
Stock broking R1m initial deposit